No As per me. Let’s think,
Data doesn’t include warehouses area.

As per me, it’s fair comparision, in case of Dmart, people come to store for purchase, whereas in QC delivery man are in dark store for purchase. Both have same function, no?

Great Diwali cleaning done!

Sold off Indraprastha medical, Natco, Gujarat themis, Indigo, Kotyark, Sharda motors and Time techno.

Bought Cosmic CRF, Motilal oswal, Waaree energies, EFC, Venus pipes, Macfos and Shakti pump, in order of decreasing weight.

Indraprastha medical had crossed my target, further return is expected to be muted due to lack of expansion plans.
Natco is big pharma which is bit complex for me.
Gujarat themis growth trigger is bit too slow to play out.
Indigo margin pressure doesn’t look good, together with the selling from big promoter exit.
Kotyark seems to be facing delays in government policy regarding biodiesel.
Sharda can face issues with the slowdown in auto industry.
Time techno had increased quite a bit and further growth can be slow.

Cosmic crf is mainly in the railways parts business and seems to be growing fast with takeover of bankrupt businesses.
Motilal oswal fin has a good broking and wealth management business, valuation seems good.
Waaree energies is a bit of a wild card entry, just happened to be listed on the day when I was in the middle of the trades with cash on hand.
Efc seems to have good growth plan for the office space rental, interior fitting and the new furniture businesses.
Venus has added good capacity with sales for industry capex expected to do well.
Macfos is in the retail market for electronics parts, seems business can scale up with more technical products being built in India.
Shakti pumps can perhaps be bigger winner from solar pumps tenders.

Disc: unqualified to advise, hence please do your own research.

I don’t understand, BK sells is more that of westlife or atleast similar. Number of stores are somewhat similar. But still market cap is less than half of westlife. Depreciation for BK is twice that of westlife which is non cash expense and same will reduce once store mature. Operating margins also not that different.

I think this could be similar story like polycab vs havells if BK delivers consistent results once situation improve. Little premium could be justified but this is huge gap in valuation that exist currently

was this a good time to increase fixed cost by acquiring two hospitals? I mean when you already have two recently acquired hospitals (jhansi & faridabad) shouldn’t they focus on the occupancy of these two first and maybe also improve ARPOB especially in jhansi,they should have taken some time and let these two operate with good occupancy and then looked for new accusation especially when you have majority of revenue coming from Govt schemes and you already have CFO negative for the last year. Because the target of 2800beds is for FY28 and also 450beds can be extended in noida itself they had time to take things slowly and improve the operating cash flows and bring debtors day further down. Disc:- Invested